#USStablecoinBill
The clash among otherwise crypto-friendly senators is the latest test for the industry in Washington, where its influence has surged thanks to a successful campaign finance push last year and the return of Trump.
The stablecoin legislation would be the first major crypto revamp to move through the Senate after years of lobbying. It also marks a big political test for Democrats, who have been deeply divided over whether crypto is beneficial to society or a threat to the financial system and national security.